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By Mike Taylor 11/23/10 10:02pm

Legal Matters

Citadel Gets a Subpoena, Too!

Update: We’ve been alerted that Gasparino was mistaken in his report that Millenium received a subpoena. We’ve altered the post to reflect this.

Update II: We’ve also been alerted that Maverick Capital has not received a subpoena.

Following the issuance of a government subpoena to Steven Cohen’s SAC Capital this afternoon, the authorities continue Read More

By Mike Taylor 11/23/10 8:44pm

Legal Matters

Stevie’s Moment of Truth: SAC Capital Receives Subpoena

Steven Cohen’s SAC Capital Advisors, a $12 billion hedge-fund whose name has been bandied about quite frequently since three hedge funds received a visit from raiding FBI agents Monday, has told its investors that it’s received a government subpoena. MarketWatch reports, citing a letter from SAC to investors:

SAC said in the letter, Read More

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